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rise-x.io, DNV GL and NUS embark on data science project to predict illegal bunker activity.

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rise-x.io, DNV GL and NUS embark on data science project to predict illegal bunker activity. Image: Wikimedia/ JoachimKohler-HB
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Global hydrocarbon theft and fraud is estimated to be more than US$133bn per year.  Illegal bunkering is estimated to cost companies and governments as much as US$3bn per year and given the challenges involved in measuring losses it is likely that the true number is even higher.

rise-x.io today announced that it is collaborating with DNV GL and the National University Singapore’s (NUS) Department of Statistics and Applied Probability on a data science project to help tackle this issue. NUS students majoring in Data Science and Analytics will be tasked to create computer models that analyse 10 billion lines of automatic identification system (AIS) data to determine whether illegal fuel bunkering can be detected using vessel pattern analysis.

“The market driving illegal bunkering activities and bunker theft costs the industry billions every year. The quicker we can build solutions to address that issue, the quicker the industry can become cheaper and more sustainable,” said Rowan Fenn, CEO at rise-x.io.

The algorithms produced by the project will go through a vetting process and if they are suitable, they will be integrated directly into rise-x.io’s QuayChain platform.  “These algorithms will provide users of the platform with unique insights into vessel performance and management that builds trust for vessel owners and operators. We believe that being good; is good for business,” said David Barker, CTO at rise-x.io.

“After partnering with rise-x.io to make the QuayChain platform a reality with the help of our Veracity ecosystem, we are very excited about the next stage of this important initiative to revamp the marine fuels market. Data science is starting to gain momentum in the maritime industry, but is still relatively nascent compared to other sectors. We therefore see this excellent initiative, driving efficiency improvements while helping to prevent illegal behavior or honest disputes, as a key driver to improve trust and transparency in the industry.” said Nic Sabin, DNV GL’s technical lead on the initiative.

Beyond the potential direct integration into QuayChain, the algorithms will be enhanced to deliver alternative outcomes. “The value of this project is how flexible the algorithms can be. For example, modifications will allow us to predict metrics such as fuel consumption and CO2 emissions without installing IoT devices on the vessel’s machinery,” said Fenn.

Providing this information not only gives vessel owners more insights into their vessels’ operational performance, but also open doors for the delivery of carbon neutral voyages.

“This project provides a great opportunity for NUS students to apply their data science and analytics skills to solve a real-world problem. A total of 34 students will be involved in this project, and I am sure they will benefit significantly from their participation under the mentorship of industry experts,” said Associate Professor Tiong Wee Lim, Deputy Head (Academic), NUS Department of Statistics and Applied Probability.

Container Terminal

Konecranes wins order for 20 RTG cranes in Nigeria

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Konecranes wins order for 20 RTG cranes in Nigeria. Image: Wikimedia/ Media Club
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Konecranes has won an order for 20 RTG cranes from APMT’s West Africa Container Terminal in East Nigeria. The order was booked in two parts, the first in December 2019 and the second in January 2020. Delivery is scheduled for Q4 2020 – Q2 2021.

APMT’s West Africa Container Terminal (WACT) is located in Onne Port, part of the Onne Oil and Gas Free Zone in Nigeria. It was one of the first container terminals to be built in Nigeria under public/private ownership. It offers excellent hinterland connections to the rest of Nigeria. The WACT is upgrading its container handling operation from reach stackers to RTGs to achieve greater stacking density, throughput and productivity.

The Konecranes RTGs on order are diesel-driven, 16-wheel machines stacking 1-over-5 high and 7 containers + truck lane wide. They are equipped with Active Load Control, Auto-steering and Auto-TOS reporting.

Mohammed A. Ahmed, Managing Director of APMT Nigeria said: “As testament to APMT’s long-term commitment to East Nigeria, we have signed a contract with Konecranes for the delivery of 20 RTGs to Onne Port. This is part of our earlier announced expansion of the existing terminal capacity, a USD 100 million investment, that started last year and that will be fully in place shortly. The expansion plan will deliver sufficient capacity to meet the envisaged growth in East Nigeria for the next 15 years.”

Ville Hoppu, Sales Manager, Konecranes Port Solutions, said: “We’re very pleased to have received this order from APMT, one of the world’s leading container terminal operators and a long-time user of our RTG cranes. We have many customers on the west coast of Africa and Onne will be in good company.”

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Maritime

MOL to start joint development for the digitalization of FSRU

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MOL to start joint development for the digitalization of FSRU. Image: MOL
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Mitsui O.S.K. Lines, Ltd. announced that it has reached an agreement for joint development of technologies and solutions for the digitalization of Floating Storage and Regasification Unit (FSRU) (Note 1), in partnership with Daewoo Shipbuilding & Marine Engineering (DSME; CEO: Sung-Geun Lee).

Through this collaboration, detailed operational data will be collected from FSRU and stored in a cloud-based data platform to develop applications for advanced remote operation monitoring and optimizing etc.. The project will enhance safe and efficient operation, which will further deepen cooperation between FSRU and shore-based facilities.

MOL works on this collaboration in cooperation with MOL’s “FOCUS” Project (Note 2) intended to enhance the collection and application of FSRU operation data.

(Note 1)
Floating Storage Regasification Unit. A floating facility for storing and regasifying LNG, which is then pressurized and piped ashore.

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Environment

A.P. Moller – Maersk links new $5.0bn revolving credit facility to its CO2 performance

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A.P. Moller - Maersk links new $5.0bn revolving credit facility to its CO2 performance. Image: Pixabay
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A.P. Moller – Maersk secures a new sustainability-linked revolving credit facility of $5.0bn through a syndicate of 26 selected banks. This is the first bank refinancing arranged by Maersk after its transformation from a diversified conglomerate to a global container logistics company.

The facility refinances the undrawn $5.1bn facility maturing in 2021 and has a tenor of five years which may be extended by up to two years. It will be part of the company’s liquidity reserve.

“We have received strong support from our global relationship banks. The facility was substantially oversubscribed, and we are pleased with the terms and conditions of the new facility. With the new facility we have extended the maturity profile of our finance commitments, while aligning with our sustainability ones,” highlights Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands.

The credit margin under the facility will be adjusted based on Maersk’s progress to meet its target of reducing CO2 emissions per cargo moved by 60% by 2030, which is significantly more ambitious than the IMO target of 40% by 2030 (all 2008 baseline).

In 2018 Maersk announced its commitment to becoming carbon neutral by 2050. The new finance facility affirms Maersk’s efforts to drive sustainability into its operations and supply chains.

“We are determined to reach our ultimate target of becoming fully carbon neutral by 2050, and this agreement serves as another enabler for us to deliver on that ambition. Given the lifespan of our fleet, we need to find new and sustainable solutions to propel our vessels within the next 10 years. To realize this ambitious commitment, we are partnering with researchers, regulators, technology developers, customers, energy providers – and now banks,” explains Henriette.

Banco Santander S.A., London Branch, Bank of America Merrill Lynch International Designated Activity Company, Barclays Bank Plc, BNP Paribas, Citibank N.A. London, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Danske Bank A/S, Deutsche Bank, Handelsbanken, HSBC France, MUFG, Nordea, SEB and Standard Chartered Bank, joined as mandated lead arrangers.

Banco Bilbao Vizcaya Argentaria, S.A., London branch, DNB Bank ASA, Industrial and Commercial Bank of China (Europe) S.A., Brussels branch, ING Bank, J.P. Morgan Securities Plc, Mizuho Bank, Ltd., Morgan Stanley Bank International Limited, Natwest Markets Plc, Sumitomo Mitsui Banking Corporation, Société Générale and the Standard Bank South Africa Limited, Isle of Man branch, joined as lead arrangers.

Crédit Agricole and SEB acted as Sustainability Coordinators. MUFG acted as Documentation Agent and BNP Paribas as Facility Agent.

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